SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

April 19, 2012 14:31 ET

The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Delta Petroleum, Inc. of Class Action Lawsuit and the Deadline of June 18, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Apr 19, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Delta Petroleum, Inc. ("Delta" or the "Company") (PINKSHEETS: DPTRQ) common stock between November 9, 2010 and November 9, 2011.

For more information, click here: http://zlk.9nl.com/delta-petroleum-dptrq. There is no cost or obligation to you.

The complaint alleges that Delta's officers and directors issued materially false and misleading statements and concealed the following: (a) that the Company was not adequately reserving for its dry hole costs and impairments in violation of Generally Accepted Accounting Principles; (b) that Delta's unproductive assets would hinder its ability to find a buyer for itself or its assets, as the value of the Company's assets was less than the value of its aggregate debt; (c) that the Company had far greater exposure to liquidity concerns than it had previously disclosed; and (d) as a result of the aforementioned, shares of Delta stock traded at artificially inflated prices.

If you suffered a loss in Delta you have until June 18, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/delta-petroleum-dptrq.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com